Other News - 06/28/2005

Lufthansa Technik Malta, a joint venture between Lufthansa Technik AG and Air Malta, will add a second production line by the third quarter of 2006. Effective in July, LHT will raise its share in the JV to 75% from 51%. Air Malta's stake accordingly will be reduced to 25%. LHT Malta operates as a Center of Excellence and provides C checks for 737 Classics, 737NGs and the A320 family. It was established in 2002 and employs 110.

Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More

The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More